UniCredit (OTCMKTS:UNCRY) Rating Lowered to "Strong Sell" at Zacks Research

Key Points

• Zacks Research downgraded UniCredit from a "hold" to a "Strong Sell" in a note to investors.
• Other analysts are mixed — Morgan Stanley raised UniCredit to "overweight," Erste cut it from "strong-buy" to "hold," and Citigroup reaffirmed a "buy," leaving a MarketBeat consensus of "Moderate Buy" (2 Strong Buy, 3 Buy, 1 Hold, 1 Sell).
• Shares opened at $38.52 and trade within a 52-week range of $28.07–$47.14, with the 50-day and 200-day simple moving averages near $39.23 and $39.42, respectively.

UniCredit (OTCMKTS:UNCRY - Get Free Report) was downgraded by investment analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also weighed in on UNCRY. Morgan Stanley raised UniCredit from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, February 10th. Erste Group Bank lowered UniCredit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Finally, Citigroup reissued a "buy" rating on shares of UniCredit in a research report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy".

UniCredit Price Performance

Shares of OTCMKTS UNCRY opened at $38.52 on Tuesday. UniCredit has a fifty-two week low of $28.07 and a fifty-two week high of $47.14. The stock's 50-day simple moving average is $39.23 and its 200-day simple moving average is $39.42.

About UniCredit

UniCredit S.p.A. is an international banking group headquartered in Milan, Italy, offering a broad range of banking and financial services to retail, corporate and institutional clients. The firm operates as a universal bank, combining traditional deposit-taking and lending with capital markets activities, transaction banking and advisory services. UniCredit provides consumer and commercial loans, mortgage financing, deposit accounts, payment and card services, and wealth management solutions for private clients.

On the corporate and institutional side, UniCredit offers relationship banking, corporate lending, trade and export finance, cash management, custody and securities services, and investment banking capabilities including debt and equity capital markets and structured finance.

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